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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Gridley, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Gridley, CA Housing Market Trends

With a population of 7,227, 2,401 total housing units (homes and apartments), and a median house value of $380,740, Gridley real estate values are some of the lowest in California, although compared to real estate around the nation, Gridley homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Gridley, accounting for 84.35% of the city's housing units. Other types of housing that are prevalent in Gridley include duplexes, homes converted to apartments or other small apartment buildings ( 6.08%), row houses and other attached homes ( 4.43%), and a few large apartment complexes or high rise apartments ( 4.17%).

The most prevalent building size and type in Gridley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.91% owning and 54.09% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Gridley's housing was primarily built during this period, from the '40s through the '60s. A full 44.09% of the city's housing hails from this era. Other housing ages represented in Gridley include homes built between 1970-1999 ( 29.53%) and housing constructed between 2000 and later ( 15.01%). There's also some housing in Gridley built before 1939 ( 11.37%).

Gridley Home Appreciation Rates

In the last 10 years, Gridley has experienced some of the highest home appreciation rates of any community in the nation. Gridley real estate appreciated 130.65% over the last ten years, which is an average annual home appreciation rate of 8.72%, putting Gridley in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gridley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Gridley appreciation rates have trailed the rest of the nation. In the last twelve months, Gridley's appreciation rate has been 2.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gridley were at -0.65%, which equates to an annual appreciation rate of -2.57%.

Notably, Gridley's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Gridley's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

Average Home Values

Median Home Value

$380,740

Gridley, CA Home Prices
> $1,252,000
$939,001 - $1,252,000
$626,001 - $939,000
$501,001 - $626,000
$376,001 - $501,000
$251,001 - $376,000
$125,001 - $251,000
$63,001 - $125,000
$0 - $63,000
2.1%
2.1%
2.4%
2.4%
6.7%
6.7%
14.0%
14.0%
25.5%
25.5%
31.1%
31.1%
11.1%
11.1%
4.5%
4.5%
2.6%
2.6%
0% 100.0%
% of Homes
Very Low

for California

High

for nation

Number of Homes And Apartments:

2,401

Gridley Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,369 / per month

Homeownership Rate

Owners
Renters
45.9%
45.9%
54.1%
54.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.9%
9.9%
90.1%
90.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.0%
15.0%
29.5%
29.5%
44.1%
44.1%
11.4%
11.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.4%
84.4%
4.4%
4.4%
6.1%
6.1%
4.2%
4.2%
1.0%
1.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
12.2%
12.2%
28.8%
28.8%
35.3%
35.3%
20.5%
20.5%
3.2%
3.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Gridley

Zip Codes in Gridley, CA